June 25, 2024

Ford Reduces F-150 Lightning Lease Costs by $15,000 Due to Slow EV Sales

If you’re in the market for an electric pickup truck that retains the traditional feel of a regular truck, the Ford F-150 Lightning is a top contender. While the Tesla Cybertruck may grab all the headlines, when it comes to practicality for hauling cargo, the Lightning’s bed accessibility sets it apart. However, with the current economic climate, Ford is facing challenges as the demand for the high-priced F-150 Lightning Lariat has waned. To combat this, Ford has decided to reduce prices, as reported by CarsDirect.

In certain regions across the country, Ford is offering substantial rebates of up to $15,250 for leasing a new F-150 Lightning. However, these rebates are only applicable to the Platinum trim, which has a starting price of around $85,000. The discounts on the Lariat trim have also been increased, with $9,750 off the Standard Range version and $9,250 off the Extended Range. For the XLT trim, the rebates vary based on the Equipment Group, ranging from $1,500 to $7,000 for the Extended Range model.

Current deals are limited to select cities such as Atlanta, Chicago, Cincinnati, Dallas, Houston, Los Angeles, Memphis, New York, Pittsburgh, and San Francisco. In California, Ford has further enhanced the offers by reducing the lease rates on the F-150 Lightning models. While the discounts make the vehicles more affordable, the impact on sales remains to be seen. However, Ford’s success in lowering prices for the Mustang Mach-E suggests a positive outcome for the F-150 Lightning.


Q: Are the rebates applicable to all trims of the F-150 Lightning?

A: No, the rebates vary by trim level, with the highest discounts offered on the Platinum trim.


Ford’s decision to slash prices on the F-150 Lightning in response to changing market demands reflects their commitment to adapting to consumer needs. By offering significant rebates and lease discounts, Ford aims to make their electric trucks more accessible to a wider audience. Whether these price reductions will lead to increased sales remains to be seen, but the strategy has proven successful for Ford in the past with other models.

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